Oklahoma Producers On Shaky Ground As Oil Price War Hits

March 20, 2020, 8:17 AM MDT

Texas Oil Producers Ask State To Limit Output As Prices Collapse

March 20, 2020, 8:38 AM MDT

Baker Hughes Rig Count: U.S. Down 20 To 772

The U.S. rig count is down 20 rigs from last week to 772, with oil rigs down 19 to 664, gas rigs down one to 106, and miscellaneous rigs unchanged at two, according to Baker Hughes. 

March 20, 2020, 11:08 AM MDT

Oil Refiners Curb Output As Coronavirus Cuts Fuel Demand

March 20, 2020, 10:32 AM MDT

Tens Of Thousands Are Getting Laid Off In The U.S. Shale Patch

March 20, 2020, 9:50 AM MDT

‘Could Have Been Substantially Worse’: U.S. Offshore Oil Lease Sale Weakest Since 2016

March 19, 2020, 7:38 AM MDT

Oil Industry May Fill Global Storage In Months As Record Glut Builds

March 19, 2020, 8:29 AM MDT

Oil Price War 4.0 Series Part 1 – Longer and Deeper?

I have worked as a world oil analyst during all four crude oil price wars since the creation of the Organization of the Petroleum Exporting Countries (OPEC) in 1960, having started my career at the Alberta Petroleum Marketing Commission (APMC) in the mid-‘80s. Based on what I’ve learned about oil price wars over this period, we should batten down the hatches, as this one could be the longest and deepest of them all.

March 18, 2020, 1:33 PM MDT

Canadian M&A Outlook Somewhat Unclear Given Currently Bleak Market Conditions

The outlook for merger and acquisition (M&A) activity in the Canadian oil and gas space is murky in light of current market conditions dominated by the double-whammy of a Saudi Arabia-Russia induced price war and the demand destruction caused by the global coronavirus pandemic.

March 18, 2020, 6 AM MDT

U.S. Crude Stockpiles Rise, Fuel Draws Down Despite Pandemic: EIA

March 18, 2020, 11:06 AM MDT

Halliburton To Furlough 3,500 Workers As Shale Producers Cut Spending

March 18, 2020, 8:26 AM MDT

As Virus Destroys Fuel Demand, Global Refiners Prepare Run Cuts

March 18, 2020, 7:58 AM MDT

Hess, Concho, Callon Join Exxon In Tightening Budget Amid Oil Crash

March 18, 2020, 8:16 AM MDT

Equinor Reviewing Spending Plans Due To Coronavirus Outbreak

March 18, 2020, 8:23 AM MDT

Oil Plunge Sets Off Search For Tanks, Revives Dormant Cushing Storage Trade

March 17, 2020, 8:06 AM MDT

U.S. Shale Oil Output To Rise To Record 9.08 Million Bbls/D In April – EIA

March 17, 2020, 7:56 AM MDT

Exxon Pledges ‘Significant’ Spending Cuts Amid Coronavirus, Oil Slide

March 17, 2020, 7:51 AM MDT

Roughly Another $800 Million Chopped From Capital Budgets Today

Another four producers announced budget cuts this morning, adding to the over $2 billion in reductions laid out last week after the Saudi/Russia price war erupted.

March 16, 2020, 7:23 AM MDT

Enerplus Reducing Spending Guidance

Enerplus Corporation is reducing its 2020 capital spending budget to $325 million, or approximately 40 per cent at the midpoint of prior 2020 guidance of $520 to $570 million.

March 16, 2020, 12 AM MDT

Oil Slumps Below $30/Bbl As Coronavirus Spreads, OPEC Rancor Remains Elevated

March 16, 2020, 10:55 AM MDT

Major Energy Conference In Houston Postponed From May Until Third Quarter

March 16, 2020, 8:56 AM MDT

Cost Management Helps STEP Maintain Margins In 2019

STEP Energy Services Ltd.’s Canadian operations posted stronger adjusted EBITDA margins for both the 2019 fourth quarter and full year at 13 per cent of revenue (2018-nine per cent) and 18 per cent (2018-16 per cent) respectively.

March 13, 2020, 9:02 AM MDT

Baker Hughes Rig Count: U.S. Down 1 To 792

The U.S. rig count is down one rig from last week to 792, with oil rigs up one to 683, gas rigs down two to 107, and miscellaneous rigs unchanged at two, according to Baker Hughes. 

March 13, 2020, 11:14 AM MDT

U.S. Shale Companies Hedges Were Inadequate For Oil Price Crash

March 13, 2020, 8:26 AM MDT

OPEC+ Deal Collapse, Virus Double Whammy To Keep Oil In $30s Range

March 13, 2020, 8:11 AM MDT